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It sold for $420,000 on 2026-04-30, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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About This Property
Rare chance to own a duplex in the desirable Tahoe Island neighborhood of South Lake Tahoe. Each unit has separate utility meters, providing flexibility for both investors and owner-occupants.Ideal for a buyer looking to live in one unit while offsetting the mortgage by renting the other, or for those seeking a long-term rental investment in a high-demand local housing market. The property provides income potential while still enjoying the benefits of homeownership in Tahoe.Conveniently located near shopping, restaurants, and bike paths, and just minutes to Lake Tahoe beaches and a short drive to Heavenly Ski Resort. The setting combines a residential neighborhood feel with easy access to year-round recreation.Ready for a new owner's personal touches and future improvements, offering the opportunity to build equity over time.A versatile property well-suited for full-time residents, second-home owners, or investors looking for a foothold in the Lake Tahoe Basin.
Listing Details
Property History
STR Investment Summary — 905 Lapham Drive, South Lake Tahoe
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗ How the Basin comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costs
